Wednesday, 8 July 2009
Almarai delivers again...
Almarai delivered 2Q SAR287m net profit in-line. Lower There was a positive surprise on the operating expenses front. SG&A as a % of sales improved significantly from 19.3% to 17.7%. The company is increasing its focus on cost controls to offset slowing sales growth.
Almarai, although a Saudi company, is the largest integrated dairy foods company in the world!